Quote from: Gladitorcomeback on September 16, 2024, 04:31:41 PM

Quote from: Pandu Geddon on September 14, 2024, 04:38:13 AM

That's why it's very important to use small capital first to trade as a beginner. initial knowledge in trading is very important, even if it is knowledge to manage the right finances for trading allocation.
unfortunately, currently, novice traders tend to prepare a large amount of funds to start trading. and they can't wait to start trading even without better knowledge. sometimes inviting a friend who is already experienced enough will help. but in my opinion, something like that is still too hasty.

Using a small capital as a beginner is good, but using no capital is even better. Why does a person need to use money when they know they aren't prepared to do something yet? A medical student cannot be allowed to get into the ICU and do operations when they are not yet qualified for it and don't have the necessary training to successfully do that. Similarly, when we get into a financial market, we need to understand that we shouldn't get involved financially as long as we are not ready for it.

Investing and holding are not problems if it's done with cryptocurrencies such as Bitcoin, but trading isn't everyone's cup of tea, especially if someone isn't knowledgeable enough about it. So when a newbie gets into the market, they need to acknowledge the fact that they need to learn a lot of things before they can be able to successfully earn money from trading. It might sound very easy if you hear it from an influencer on YouTube who is earning money by teaching newbies, but it isn't that easy when you get into it yourself.

So you do talk about having some demo? Yes, it would be that recommended specially if you are really that starting from scratch or simply having that zero knowledge on which making up some familiarization
about into those indicators and other terms or whatever you do able to see on chart on which it is really that somewhat that recommended that you should really be that trying out to familiarize.
On the moment that you do reach out into this area then the next thing to be done is to deal up with real spot trading with real balance on which this is where other learnings that you cant be able to get from demo
or simply reading up some books. Real experience would really be your best next teacher on which on the moment that you had already dealing up with the real market with real money, then this is where serious approach
and dealing will really be starting up.

Loses are inevitable and this is why its important that you do really make yourself that be versatile on whatever the condition that you would really be able to encounter.
Dont easily give up or lose hope because loses are really just that part of the process. On the moment or time that you had gained up sufficient experience and knowledge or skills then
you would be able to handle yourself well into this very speculative and random market on which not everyone could be able to do it. It will really be that survival of the fittest and
if you arent that good when it comes on handling something specially into your emotions then you cant last up long.